07-30-2016, 06:12 PM | #15 | |
Drives: Iron Lung, Jimmy Join Date: Jun 2009
Location: Louisiana
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Google is your friend here... look up one of the three billion charts of the historical price of silver. You will see that there are plenty of 5 and 10 year periods where a person would have lost money. Sometimes big money. Of course you can make big money, too, but that is not the point. It sounds like you are looking for safety and investing in silver is not that. It's price is just as volatile as anything else. |
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07-31-2016, 06:46 AM | #16 |
Investing is like gambling. Never spend more money than you can afford to lose.
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07-31-2016, 11:06 AM | #17 |
Drives: 16 Camaro SS, 15 Colorado Join Date: May 2009
Location: Jefferson City, Missouri
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Thanks guys...all good stuff. Appreciate it.
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07-31-2016, 11:50 AM | #18 |
Drives: 2017 SS 1LE, 2017 Volt, 2013 Pilot Join Date: May 2014
Location: Colorado
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if you are buying coins, rather than bullion, you are investing in the numismatic value (addition to metal content), you will pay a premium for that and then you "hope" that numismatic value increases over time...so with coins you have to know what you are doing.
the plus side to American coins like the gold eagle, is that they are very trusted, if you are trying this strategy of yours to hedge against a monetary collapse, then some sources of coin and bullion may not be trusted, i.e. people will question gold content etc. if you are buying these coins from family or friend, I personally would not unless they are American coins...too many fake chinese pandas etc. p.s. i am by no means a numismatic expert...or a financial one.
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07-31-2016, 08:01 PM | #19 |
Drives: the 2nd amendment home Join Date: May 2008
Location: OK
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When you don't have to ask anyone if it's a good investment, then you're ready to decide what to do. (Due diligence)
In case of total collapse, an ounce of salt, or an ounce of vegetable seeds could be more valuable than an ounce of gold.
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08-01-2016, 12:21 AM | #20 |
I run 2 catch cans...
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How are you planning to keep them safe? The bad thing about storing bullion at home is it is one more reason to steal from you. What will you do if the Feds outlaw private bullion ownership like they have in the past?
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08-01-2016, 11:24 AM | #21 | |
Drives: 16 Camaro SS, 15 Colorado Join Date: May 2009
Location: Jefferson City, Missouri
Posts: 13,943
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By the way...these coins would be 99% pure bullion coins. Anyways guys, I think I have what I need at this point. Not saying I'm going to buy them, but I appreciate the input.
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08-01-2016, 03:00 PM | #22 | |
Drives: 2014 2LS (traded in) 2015 1SS 1LE Join Date: Apr 2015
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The US economy is a total farce. The "recovery" was nothing more than inflating the economy with trillions more debt in the form of fiat currency. Ignore me. I'm wearing a tin foil hat. I also love saying I told you so. Keep gold on hand. Good points about trusted gold content too.
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08-02-2016, 03:38 PM | #23 | |
Drives: 2014 2LS (traded in) 2015 1SS 1LE Join Date: Apr 2015
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The reason to hold physical Gold or Silver is to protect yourself against fiat currency not to try and make a profit by selling it and converting it back to worthless paper that can be worth nothing one morning when you wake up. It's happened many times before don't think the US is immune from such a thing. Trusting some brokerage firm with your money and that your share is something of value is just as risky as buying any other fund. Has everyone forgotten the housing bubble of 06-07? Wall street is a den of thieves. Want to make more paper money? Play the stocks and bonds, or work for it. Want to insulate yourself from fiat currency and the debt based economy? Hold physical gold and silver. Again the points people are making about verifiable and trustworthy coinage are sound ones.
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